Renaissance Technologies LLC cut its position in Sussex Bancorp (NASDAQ:SBBX) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,361 shares of the financial services provider’s stock after selling 939 shares during the quarter. Renaissance Technologies LLC owned approximately 0.22% of Sussex Bancorp worth $254,000 at the end of the most recent reporting period.
Separately, Wells Fargo & Company MN grew its position in Sussex Bancorp by 85.1% in the 1st quarter. Wells Fargo & Company MN now owns 50,536 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 23,233 shares during the last quarter. 52.71% of the stock is owned by institutional investors.
Sussex Bancorp (NASDAQ SBBX) opened at 23.40 on Wednesday. Sussex Bancorp has a one year low of $16.05 and a one year high of $28.55. The company’s 50-day moving average is $23.59 and its 200 day moving average is $24.44. The company has a market capitalization of $139.25 million, a P/E ratio of 18.28 and a beta of 0.43.
Sussex Bancorp (NASDAQ:SBBX) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The business had revenue of $8.71 million during the quarter, compared to analyst estimates of $9.10 million. Sussex Bancorp had a return on equity of 9.43% and a net margin of 15.13%. Analysts predict that Sussex Bancorp will post $1.38 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, August 8th. Sussex Bancorp’s payout ratio is 18.75%.
SBBX has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Sussex Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine raised shares of Sussex Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other news, Director Mark J. Hontz sold 2,100 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $23.94, for a total transaction of $50,274.00. Following the completion of the transaction, the director now owns 12,132 shares of the company’s stock, valued at $290,440.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.60% of the stock is currently owned by insiders.
About Sussex Bancorp
Sussex Bancorp is a bank holding company for Sussex Bank (the Bank). The Company’s primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts.
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